Accounts used to accumulate information from one fiscal period to the next are
A) revenue accounts.
B) permanent accounts.
C) temporary accounts.
D) expense accounts.

Name: Accounts used to accumulate information from one fiscal period to the next are A) revenue accounts. B) permanent accounts. C) temporary accounts. D) expense accounts.
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Question

Quizplus · Accepted Answer

Permanent accounts are used to accumulate information from one fiscal period to the next, as they are not closed at the end of the accounting period.

Accounts Used to Accumulate Information from One Fiscal Period to the Next